Apmex: Seeks To Buy "Any Quantity" Of Silver From Clients At $3 Over Spot

M3Bahn · 04-25-2011, 07:06 PM

Over the past hour Zero Hedge has been inundated with reader comments notifying us that Ampex has, validating the earlier post speculating about a possible silver shortage at the metals distributor, launched a "reverse ïnquiry" in which it will pay "you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!" and "We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!" So aside from this first public confirmation that one of the biggest wholesale retailers of precious metals is now inventoryless [sic], we can certainly see why Asia has decided to take silver down in the afterhours electronic session.

http://www.zerohedge.com/article/apm...-spot#comments

jlspeed29 · 04-26-2011, 01:32 PM

interesting....I guess that would make cents

if they expect Silver to increase above and beyond $3 over current spot ( which is like $45 or something right now...i think it hit $49 a day or so ago in the int'l markets)

maybe they're getting too greedy?
or maybe they have run out of silver for reals?

JayKay335i · 04-26-2011, 01:40 PM

CSB

jlspeed29 · 04-26-2011, 02:05 PM

^^?

04-25-2011, 07:06 PM	#1
M3Bahn Lieutenant 321 Rep 483 Posts Drives: M3 Join Date: Mar 2011 Location: ATL iTrader: (0)	Apmex: Seeks To Buy "Any Quantity" Of Silver From Clients At $3 Over Spot Over the past hour Zero Hedge has been inundated with reader comments notifying us that Ampex has, validating the earlier post speculating about a possible silver shortage at the metals distributor, launched a "reverse ïnquiry" in which it will pay "you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!" and "We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!" So aside from this first public confirmation that one of the biggest wholesale retailers of precious metals is now inventoryless [sic], we can certainly see why Asia has decided to take silver down in the afterhours electronic session. http://www.zerohedge.com/article/apm...-spot#comments
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04-26-2011, 01:32 PM	#2
jlspeed29 Major 485 Rep 1,389 Posts Drives: F80 SO ZCP CCB Join Date: Aug 2007 Location: Somewhere along PCH... iTrader: (0) Garage List 2008 335 coupe [8.00]	interesting....I guess that would make cents if they expect Silver to increase above and beyond $3 over current spot ( which is like $45 or something right now...i think it hit $49 a day or so ago in the int'l markets) maybe they're getting too greedy? or maybe they have run out of silver for reals? __________________ A fisherman always sees another fisherman from afar
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04-26-2011, 01:40 PM	#3
JayKay335i Banned 189 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	CSB
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04-26-2011, 02:05 PM	#4
jlspeed29 Major 485 Rep 1,389 Posts Drives: F80 SO ZCP CCB Join Date: Aug 2007 Location: Somewhere along PCH... iTrader: (0) Garage List 2008 335 coupe [8.00]	^^? __________________ A fisherman always sees another fisherman from afar
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